Earn Value Management

Project Services Career Issues
E
Eddy San Gabriel 👤 Member for 15 years 4 months
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Hi Guys,
 
I am new in this site. I never thought a site like this actually exist. and it feels good.. because most of the time projects here in the Philippines only have one planner in a project. And ihave no one to talk on matters in planning and scheduling. Specially if your counter part in the contractor side don't know how to speak English(pure chinesewho needs interpreter).
 
Anyway, I am a Planner by accident, because our planner suddenly took another job. And I filled the shoes. Nevertheless, I had always been in Project Management, Project Coordination and Control. Also taking up Master's degree in Management.
EventhoughPrimavera is just a tool, its was hard to start . Started from scratch a year ago (with no formal training), and as of now ifeel imdoing progress. But I have no one to compare with.
That's why I hope ican learn much from here.
 

Cost Variance (CV); CV=EV-CV>0, spending less than planned

Whereas; 

Earned Value (EV)   = Budgeted Cost of Work Performed (BCWP)

  = Budget X Work Performed

 

Actual Cost (AC)  = Actual Cost of Work Performed (ACWP)

  = Actual Cost to Date

  (Payment and Billing Status) 

 

Schedule Variance (SV); SV=EV-PV>0, ahead of schedule

Whereas; 

Earned Value (EV)   = Budgeted Cost of Work Performed (BCWP)

  = Budget X Work Performed

 

Planned Value (PV)  = Budgeted Cost of Work Schedule (BCWS)

  = Budget X Scheduled Work to Complete 

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